The week has changed.
The levels have not!
The High levels that were noted in last weeks alert, have not been breached.
However, they could still be penetrated this week.
There was a sell-off toward the end of the week, whereby the market swept away
the gains it had already made by Tuesday.
We are back to where we started last Monday, but this time we could see a
further push, then a top at my levels mentioned last week.
My levels are correct, but again I was too early in assuming when they would be
breached. Fortunately, my trades that have been placed over the last week have
not been compromised.
Today, markets are storming ahead, which is great!
This simply means that we can wait another few sessions before shorting the
markets again, then setting profit for next week, exactly as we (me and clients)
last week.
The levels in question again are: Dow – 10550, FTSE100 – 5500
S&P500 – 1135
These levels will not be surpassed this week, to top these with a sell if they
are touched, or high no Touches for Fixed Odds.
I cannot begin to explain how good that advice is, you will profit if you follow
that advice. No brushing around the edges, you will simply profit.
Only for the week after this tops of course, all trades (mainly for Fixed Odds)
are placed for minimum timeframe.
In simple terms, this week’s alert is a top-up of last weeks. However, we could
see more of a decline in the Indices, and so to the greenback.
The Dollar is taking a hammering today, but later this week, I think sterling’s
weakness will have more of a profound place in trader’s minds.
Tuesday morning at 9.30am, we have the number for ‘GBP Total Business investment
YOY’. This is set to drop by just over 1% (down to 22.9%) since last around.
I think this number will be scrutinised more than usual, as the near term
direction for £/$ is so crucial right now. Investors will look at any clue as
to what the number of GDP could be in the near term.
As we know, the rate of ‘Current Business Investment’, usually determines GDP
growth in the near term.
For the £/$, 1.685 will be this weeks high, and a low of 1.63 may be seen, if at
all that low.
Until next time…
Matt $haw
www.fixedoddssuccess.com
p.s. Please use this week’s advice wisely.
p.p.s. Do you have 100k for me to trade on? I am now beginning to trade on
clients accounts this week. Returns of 15% a month will be seen, on overall
account funds.
I need the amount to be 100k to limit any risk in my trading strategy. Email:
fixedoddstrader@aol.com for more info. Let’s get going!
